Ethereum was the first generalist blockchain to popularize Decentralize Finance (DeFI) through its use of smart contracts. In turn, they created a rich ecosystem of dApps as web interfaces to the blockchain’s smart contract, so far accounting for 3,778 dApps across 6,730 smart contracts. Such dApps have recreated virtually the entire financial system – borrowing,…
In its latest Digital Asset Management Review, CryptoCompare has reported that in November, alternative crypto-asset investment products, such as Ethereum, Litecoin and Solana have outshined those of Bitcoin ETPs, as they raked in better gains than the flagship digital asset. Bitcoin-based products perform poorly in November The report observes that the AUM of Grayscale’s Bitcoin…
MicroStrategy announced earlier today that it has purchased an additional 7,002 Bitcoin (BTC). The latest purchase makes Michael Saylor’s company the largest known BTC holder among non-crypto companies. More bitcoins for Michael Saylor One of the largest software companies in the world has just announced that it has significantly increased its cryptocurrency holdings. According to…
After hitting a new all-time high of $69,000 on November 10, Bitcoin has been caught in a downtrend. Friday’s 9% swing to the downside sent jitters across the market, but strong support at the $53,800 level proved fortunate for bulls. Since then, two further retests at $53,800 have also held firm. Crypto YouTuber Lark Davies…
Nayib Bukele, the President of El Salvador, announced that the country will be building a carbon-neutral Bitcoin City. The city will have no property, income, or capital gains taxes, and the massive endeavor will be partly financed by a $1 billion Bitcoin bond issued by Blockstream. And while the move was celebrated in the crypto…
Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender. Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally….
After predicting Bitcoin’s 50% crash in March, institutions are turning bearish again Bitcoin has embarked on a spectacular run since the $3,700 lows seen in March, but data shows that institutional investors are flipping bearish on the cryptocurrency market in the short to medium term. 2 min read →
As per Nikkei Asia, Kazakhstan’s president Kassym-Jomart Tokayev has suggested building a nuclear plant to sustain Bitcoin mining in a bid to support the profitable crypto mining activities in the nation “Looking into the future, we will have to make an unpopular decision about the construction of a nuclear power plant,” said Tokayev in a…
As per the local news source, NDTV, India might ban all major crypto assets when it introduces the new “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021″ this winter. The government is also exploring the possibility of issuing a digital currency backed by the Reserve Bank of India. “The Bill also seeks to…
Edward Snowden, a former CIA agent and whistleblower, revealed that he used Bitcoin to leak classified documents back in 2013. Snowden was addressing accusations that he had little understanding of the crypto industry, which he believes stems from the fact that he doesn’t shy away from criticizing Bitcoin. Bitcoin paid for the servers that hosted…